The appointment of Luthra will be effective from the first quarter of FY25
New Delhi: Speciality coffee QSR chain Third Wave Coffee co-founder and chief executive officer Sushant Goel is stepping down and former chief executive officer KFC Rajat Luthra is going to take charge of the company.
The appointment of Luthra, who was chief executive officer of KFC (India & Nepal) Devyani International, will be effective from the first quarter of FY25, the company said in a statement while announcing the transition therein.
Since its inception in 2016, Goel, along with co-founders Ayush Bathwal and Anirudh Sharma, has scaled the company to over 100 outlets across India.
“In his capacity as a board member, Goel will continue to guide the strategic direction of the company and develop new initiatives for Third Wave Coffee,” the company said.
Third Wave Coffee, from being a roastery with a single store in Koramangala to now having over 100 stores across 8 cities had recently raised $35 million in Series C funding from Creaegis and existing investor WestBridge Capital.
